Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong

Fed’s dovish policy will not erase carry trade risks in Hong Kong dollar, analysts say

  • Hong Kong dollar jumped to 7.8451 against the US Dollar on Thursday, its strongest level in six weeks to pull away from the weak end of its trading band
  • The US Federal Reserve earlier brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year
Topic |   Currencies

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Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.